TickerSutra

NSE: CORDSCABLE · BSE: 532941 · ISIN INE792I01017

Cords Cable Industries Limited stock analysis

Cords Cable Industries Limited ranks #1739 in the TickerSutra evidence-ranked universe with a score of 51/100 and 95% data confidence. The latest captured fundamentals show ROCE of 17.7%, quarterly sales growth of 9.5% and quarterly profit growth of 101.5%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE51/100

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#1739 of 5,430 ranked equities
Market capitalisation₹481.31cr
ROCE17.7%
Quarterly sales growth9.5%
Quarterly profit growth101.5%
P/E ratio19.6×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • 22% three-year sales CAGR
  • Institutional ownership is rising
  • No promoter shares are reported as pledged

Risks and constraints

  • Debt/equity is above 0.5×

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹438cr₹38cr₹6cr9.0%
2023₹526cr₹40cr₹7cr8.0%
2024₹628cr₹41cr₹10cr7.0%
2025₹795cr₹49cr₹15cr6.0%
2026₹954cr₹58cr₹21cr6.0%
TTM₹975cr₹60cr₹25cr6.0%
Debt / equity0.51×
CFO / EBITDA0.74×
Operating margin6.0%
Free cash flow₹33cr
Sales CAGR · 3Y22.0%
Profit CAGR · 3Y44.2%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts4 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Pricing pressureHigh severity · 1 mention
Negative warning

Also, the Company operates in a highly competitive industrial wires and cables market, catering predominantly to the B2B and project-oriented business segments. The industry is characterised by intense pricing pressure, significant customer bargaining power, tender- based business, extended credit periods, variable project-execution cycles and relatively high working capital requirements. These factors have constrain

Export market updatesHigh severity · 7 mentions
Constructive

The Company focuses on product quality, application engineering, manufacturing capability, customer service, timely delivery, process improvement and compliance with applicable technical and quality requirements. These capabilities support its business across domestic and overseas markets. During the financial year under review, the Company delivered a strong operational and financial performance despite a dynamic ma

Product approvalsHigh severity · 1 mention
Positive catalyst

The Company continued to evaluate opportunities in domestic and overseas markets, including markets in the Middle East and Africa. Its export business remains an area of focus, particularly for industrial and infrastructure applications, subject to customer qualification, project awards, product approvals, logistics, foreign-exchange considerations and prudent credit-risk assessment. The Company undertook customer-en

Customer concentrationModerate severity · 1 mention
Negative warning

The Company seeks to manage this risk through customer evaluation, contract review, credit monitoring, periodic ageing analysis of receivables and timely follow-up for collection. Competitive and Market Risk: Competitive and Market Risk: Competitive and Market Risk: Competitive and Market Risk: Competitive and Market Risk: The wires and cables industry is competitive and is influenced by raw-material prices, demand c

Capacity expansion plansModerate severity · 2 mentions
Positive catalyst

According to CRISIL Ratings, cable-and-wire manufacturers are expected to add capacity of approximately 20–22% by the end of FY 2026–27, with nearly half of the capacity additions expected to come from new entrants. While the capacity expansion reflects favourable demand expectations, it may also increase competitive intensity and place pressure on pricing, margins and capacity utilisation in certain product categori

Delay in approvalModerate severity · 1 mention
Negative warning

Customer, Order-Execution and Project Risk: Customer, Order-Execution and Project Risk: Customer, Order-Execution and Project Risk: Customer, Order-Execution and Project Risk: Customer, Order-Execution and Project Risk: The Company serves industrial and infrastructure customers, and a portion of its business may be linked to project schedules, customer approvals, technical specifications, delivery milestones and paym

Regulatory approvalLow severity · 21 mentions
Watch

Naveen Sawhney was re-appointed as Managing Director of the Company for a period of three years w.e.f. July 01, 2025, by the Board at their meeting held on May 27, 2025, and subsequently his appointment was approved by the Shareholders in their meeting held on September 29, 2025. Paying due regard to their vast experience and hard work, the Board of Directors, upon the recommendation of Nomination and Remuneration Co

Regulatory updatesLow severity · 14 mentions
Watch

The Company will seek to benefit from these market drivers through continued focus on customer engagement, product quality, application engineering, operational efficiency, cost management, timely delivery, prudent working-capital management and continuous improvement across its manufacturing and business processes. The Company’s ability to realise its growth potential will depend on overall market conditions, order

Margin expansionLow severity · 2 mentions
Positive catalyst

The industry is characterised by intense pricing pressure, significant customer bargaining power, tender- based business, extended credit periods, variable project-execution cycles and relatively high working capital requirements. These factors have constrained margin expansion and, consequently, the Company’s net profits are inadequate for the purposes of payment of managerial remuneration in accordance with the app

Niche productsLow severity · 2 mentions
Watch

Cords Cable Industries LimitedCords Cable Industries LimitedCords Cable Industries LimitedCords Cable Industries LimitedCords Cable Industries Limited Annual Report 2025-26 58 The Company’s comprehensive product portfolio spans Instrumentation, Control, Power, Thermocouple Extension/Compensating, and Communication cables— engineered to meet the most rigorous international standards, including EN, BS, IEC, and VDE. Th

Operating leverageLow severity · 1 mention
Watch

However, the extent of such improvement cannot, at this stage, be quantified with reasonable certainty in numerical terms, as the actual outcomes will depend on various factors, including order inflow, production volumes, customer approvals, project- execution schedules, raw-material prices, selling prices, customer-payment cycles, finance costs, foreign-exchange movements and prevailing market conditions. The effect

Institutional interestLow severity · 2 mentions
Watch

The Annual Report is also available in a user-friendly, downloadable format on the Company’s website at: https://cordscable.com/annual-report/ Members who wish to receive a physical copy of the Annual Report for FY 2025-26 may write to the Company or e-mail their request to csco@cordscable.com providing their Folio Number/DP ID & Client ID and shareholding details, to enable dispatch. d) d)d) d)d) News Releases, Pres

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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